U.S. Reaches Borrowing Limit

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Updated: 1/02 8:59 am
(13WHAM-TV) - One of the next big tasks for U.S. lawmakers is the debt ceiling.

The U.S. has reached its legal borrowing limit of $16 trillion.

The treasury department is taking measures to buy time until the end of February. They include: suspending some investments in benefit funds for federal workers.

But after that, the treasury will not be able to pay all of the country's bills in full and on time.
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